The post Bitcoin Tests Key Resistance: Is BTC Price Forming Another Lower High Today? appeared first on Coinpedia Fintech News
The Bitcoin price attempted a rebound after the recent 8% to 10% pullback, but its strength faded quickly, highlighting weakening bullish momentum. The recovery now looks shallow, especially as BTC struggles below the $90,000 resistance zone. With momentum indicators cooling and price action failing to reclaim key levels, the market faces the risk of forming another lower high. A confirmation of this pattern could expose BTC to a drop toward the $80,000 support region in the coming sessions.
So, what’s awaited for the BTC price this month? Will it reclaim $90,000 or lose ground below $80,000?
Bitcoin’s attempt to recover from last week’s steep decline is beginning to lose momentum, raising fresh uncertainty about whether the market is stabilising or preparing for another leg lower. Although BTC briefly bounced from multi-month lows, buyers have struggled to drive a convincing follow-through, especially as price trades just below a key resistance pocket. With sentiment still fragile and volatility gradually compressing, traders are now watching closely to see if the current rebound evolves into strength—or fades into another lower-high setup.
The chart shows Bitcoin trading directly below a heavy supply zone at $86,800–$87,500, where previous breakdowns originated. This region has acted as a cap on the recent rebound, producing small, hesitation-filled candles. Meanwhile, the support structure below remains layered, with $82,900, $80,000, and $78,500 marking important reaction points. Indicators such as RSI and MACD continue to show weak momentum, reinforcing that the bounce is corrective. Unless BTC closes decisively above $87,500, downside risks remain dominant.
Conclusion: Will BTC Price Rise Above $90,000 in November?
Bitcoin’s near-term outlook hinges on how the price reacts around the $86,800–$87,500 resistance band. A breakout above this level could invite a stronger recovery toward $98,000–$100,600, while repeated rejection increases the likelihood of another lower high forming. Should BTC lose $82,900, the market may revisit $80,000–$78,500, with deeper declines toward $73,500 becoming possible. For now, the trend remains cautious, and traders should expect heightened volatility as BTC tests these decisive levels.